Endava PLC Sponsored ADR
DAVA Technology Software Infrastructure
Endava PLC Sponsored ADR’s revenue for fiscal 2025 (year ended June 2025) was $999.4 million, up 7.12% from fiscal 2024. In the quarter to March 2026, revenue grew 17.2%, EPS fell 4,337.5%, free cash flow fell 136.1% and total debt rose 83.5%, each against the same quarter a year earlier.
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Endava PLC Sponsored ADR (DAVA) Altman Z-score
Endava PLC Sponsored ADR's Altman Z-score for fiscal 2025 is 3.18, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 3.18 | (0.71) |
| FY2024 | 3.89 | (6.37) |
| FY2023 | 10.26 | (4.42) |
| FY2022 | 14.68 | (3.94) |
| FY2021 | 18.62 | 6.39 |
| FY2020 | 12.23 | (7.52) |
| FY2019 | 19.74 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.17 | — | 0.21 | |
| Retained earnings / total assets | 0.61 | — | 0.86 | |
| EBIT / total assets | 0.03 | — | 0.11 | |
| Market value of equity / total liabilities | 1.96 | — | 1.18 | |
| Sales / total assets | 0.83 | — | 0.83 | |
| Altman Z-score | Safe zone | 3.18 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 5.09 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| ATGL Alpha Technology Group Limited compare | 169× |
| FATN FatPipe, Inc. compare | 4.2× |
| DAVA Endava PLC Sponsored ADR | 3.2× |
| USIO Usio Inc compare | 0.1× |
| TCX Tucows Inc. compare | 0.0× |
| AISP Airship AI Holdings, Inc. compare | −0.9× |
| VIVO Vivopower International Plc compare | −2.1× |
| VERI Veritone, Inc. compare | −4.1× |
| AGPU Axe Compute Inc. compare | −6.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets